Pros
Only for a paycheck. Sticking it out to hopefully qualify for what is left of the pension. There is minimal matching of stock for the 401K.
Cons
It is run like a serfdom. Those above a Technical director recieve grossly exaggerated complensation. There are still many political princedoms that grab the goodies for themselves. Our former CEO Ed Whitacre was voted the most overpaid and worst performing exective ever by the Wall St Journal. I was a contractor and working at ATT has degenerated into the same unstable job as that of a contractor. For the last few years any employees that have left or been forced to leave have not been replaced which has caused extreme overload for the majority of employees. Decisions by upper management are made based on metrics whenever possible to avoid responsibility for decisions. Or to avoid personal career risk. Downsides is fodder for a book. It is alarming to realize that there is no protection for retirees to force companies to honor promises made to them. The shifty upper managers are certain at some point in the future to discontinue promised benefits including health care. I do not consider them ethical.
